US Bancorp DE Acquires 15,880 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

US Bancorp DE boosted its holdings in Par Pacific Holdings, Inc. (NYSE:PARRFree Report) by 1,652.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,841 shares of the company’s stock after acquiring an additional 15,880 shares during the quarter. US Bancorp DE’s holdings in Par Pacific were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PARR. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Par Pacific during the 4th quarter worth $30,000. Quadrant Capital Group LLC lifted its stake in Par Pacific by 91.4% during the fourth quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock worth $35,000 after purchasing an additional 458 shares during the last quarter. Quantbot Technologies LP bought a new stake in Par Pacific during the third quarter worth about $40,000. Navellier & Associates Inc. purchased a new position in shares of Par Pacific in the 4th quarter worth about $221,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Par Pacific by 17.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company’s stock valued at $252,000 after purchasing an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PARR. Piper Sandler dropped their target price on Par Pacific from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. StockNews.com lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, TD Cowen lowered their price target on shares of Par Pacific from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Par Pacific has an average rating of “Hold” and a consensus price target of $39.25.

View Our Latest Stock Report on Par Pacific

Par Pacific Trading Down 0.0 %

Shares of PARR opened at $24.98 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 3.13 and a beta of 1.99. Par Pacific Holdings, Inc. has a twelve month low of $23.02 and a twelve month high of $40.69. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $31.06 and a two-hundred day simple moving average of $34.36.

Par Pacific (NYSE:PARRGet Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Par Pacific had a return on equity of 35.02% and a net margin of 5.71%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.12 billion. On average, research analysts anticipate that Par Pacific Holdings, Inc. will post 3.71 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total transaction of $224,940.00. Following the transaction, the chief accounting officer now directly owns 16,200 shares of the company’s stock, valued at $607,338. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total value of $224,940.00. Following the completion of the sale, the chief accounting officer now directly owns 16,200 shares of the company’s stock, valued at approximately $607,338. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $175,733.00. Following the transaction, the insider now owns 13,176 shares in the company, valued at approximately $492,650.64. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Par Pacific Profile

(Free Report)

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.

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Institutional Ownership by Quarter for Par Pacific (NYSE:PARR)

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